The GBPUSD pair tested the intraday bullish channel’s support line and keeps its stability above it, accompanied by witnessing positive signals through stochastic that we are waiting to motivate the price to resume the main bullish trend, which its targets begin by breaching 1.2440 to open the way to head towards 1.2590.

The EMA50 continues to support the suggested bullish wave, noting that breaking 1.2320 will put the price under correctional bearish pressure before turning back to rise.

The expected trading range for today is between 1.2320 support and 1.2480 resistance.

The expected trend for today: Bullish

The EURUSD pair shows some slight bullish bias now, in attempt to resume the main bullish trend, noticing that stochastic provides new positive signals that support the chances of achieving more gains in the upcoming sessions, waiting to visit 1.1030 as a next main target.

Holding above 1.0830 represents the first condition to continue the expected rise, as breaking it will press on the price to test the most important support at 1.0745 before any new attempt to rise.

The expected trading range for today is between 1.0820 support and 1.0970 resistance.

The expected trend for today: Bullish

Gold price attacked the bullish channel’s support line and achieved initial break to it, but it shows positive trades now in attempt to return above this support, to keep the chances valid to continue the main bullish trend, which depends on the price stability above 1920.35 as a first condition to continue the expected rise, noting that the next target is located at 1950.00.

The EURUSD pair faced temporary negative pressure to approach the key support 1.0830, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that our next target reaches 1.1030.